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Leon Grisbaum

Leon Grisbaum 609-399-0076x132

3160 Asbury Avenue, Ocean City

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For Sale 840 Ocean, 24, Ocean City, NJ, 08226

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840 Ocean, 24, Ocean City, NJ, 08226

$169,900

Leon Grisbaum
  • Buyer Agent Compensation: N/A
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#24 Sifting Sands is 1st floor unit, in excellent condition, sleeping 4 people. In 2024 it grossed $14,790 in summer rentals add another $4,550 for the winter rental totaling $19,340.00. This unit has several upgrades that are reflected in the pictures. Sifting Sands has been one of Ocean City\'s last-operating \"Iconic\" Center-City Motels, in operation every summer since 1964. SIFTING SANDS IS NOW A PET-FRIENDLY ESTABLISHMENT! The complex was remodeled & converted to condo/motel ownership in 2004. Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15 -Oct) guarantees \"hands off & hassle free\" income. Building open year \'round. Block off some personal usage between rentals in the summer (14 days max) and off season (Nov 1 - April 15) there are no usage restrictions - available for your use or rent by owner at your pleasure off-season. Well run, stable, well funded professionally managed building. Coin-Op Laundry Room. Condo fee includes water/sewer, hot water, TV cable, Wi-Fi, use of heated pool, parking for one car, bldg. insurance ( fire & flood), exterior maintenance. Owner pays own electric bill ($100/mo+/-), property taxes & interior contents/liability insurance (@$500/yr +/-). VERY FEW PROPERTIES IN OCEAN CITY CAN COMPETE WITHTHIS. Take a real good look.....where else in OC can you get an apartment that sleeps 4 with a pool this close to the ocean and boardwalk at this price? Call Listing Agent for details & questions regarding personal usage & the Rental Program. The Motel is in full operation, so all showings have to be in-between Guests. Note: as of 5/25 no financing is available on this property. It is below the current lending sq.ft . minimum size requirement of 300 sq.ft. minimum.

Listing courtesy of: Fox Real Estate-Ocean
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright South Jersey Shore Regional Multiple Listing Service. All rights reserved.
Total Rooms 3
Full Bath 1
# of Stories Two
Year Build
Lot Size
Tax 876.00
SQFT
ExteriorConcrete, Masonry/Block, Steel, Stucco
InteriorFeaturesPets Allowed
CoolingElectric, Wall Units
SewerPublic Sewer
Bedrooms 1
Half Bath 0
# of Stories Two
Lot Dimensions
# Units
Tax Year 2025
Area Ocean City/Central
ParkingGarageNone
HeatingElectric, Space/Wall/Floor
WaterPublic Water
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